Seaborne iron ore prices strengthened further on Tuesday January 14 amid continued appreciation of the yuan against the dollar and lower shipments from Australia and Brazil.
62% Fe fines, cfr Qingdao: $97.03 per tonne, up $1.10 per tonne.Iron ore derivatives sustained the upward momentum during the day, with the February 62% Fe contract on the Singapore Exchange rising to trade around $95 per tonne cfr as at 6.15pm Singapore time, compared with the settlement level of $93.14 per tonne on Monday.
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